Weak coil prices not enough to compete with imports: NW Pipe
May 07, 2013 | 03:54 PM
| Frank Haflich
LOS ANGELES Domestic steel coil prices may have "reached bottom," but cheaper raw material costs in other parts of the world continue to leave U.S. tubular producers at a disadvantage when it comes to competing with imports, Northwest Pipe Co.s top executive said.
President and chief executive officer Scott Montross said the Vancouver, Wash.-based producer of tubular products and water transmission pipe didnt see the same kind of first-quarter "runup" in coil prices that has characterized the market in recent years, and this has resulted in "significant downward pressure" on steel prices.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.